Todays figures show #SelfEmployment rise stopped an increase in #unemployment, but most earn under #MinimumWage Thats nothing to celebrate David Cameron... 10 Downing Street & David Cameron #tweeted: Theres more to do, but its welcome unemployment is down again. More jobs means more financial security for people. Self-employment is the very opposite of financial security; UnemployedNet has calculated that most cannot make a living out of it. Between 2000 and 2012, the average level of self-employed earnings fell by a third to £10,400, adjusted for inflation. That level of income is a long way below minimum wage, which for a 40 hour week provides £13,125 per year, and this is well below the living wage. Self-employment has become a route not to business success but into #poverty for far too many. Some have suggested that many of the new registrations are taken up by people doing odd-jobs around their communities, but there is likely to be a larger group. Those of us who have worked in the public sector are used to hearing stories from ex-colleagues who have been made redundant in the Conservatives #austerity drive and set up a small business in response to a lack of other opportunities.
Posted on: Wed, 14 May 2014 15:03:00 +0000
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